Research Information System
37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.1566-1569
In the XX century especially in the second half, the market conditions radically changed. Its essence can be understood if we identify new new trends that are characteristic of the development of monopolies and competition. The first trend is to increase the monopolization of the market. The scientific and technological revolution brought about a transition to a much higher level of economic integration. The second trend is towards increased competition. A definite guide in this regard is the definition of rating in global competition. The third global trend is too much production of goods. Since the second half of the twentieth century, there has been a trend of oversupply of goods and industrial production. Increased productivity and urbanization of the industry dramatically changed the pricing policy of many companies. Cooperation and corporate communications have become an important factor in the development of the market of Azerbaijan. Thanks to the oil strategy, Azerbaijan became the first state to master the huge energy potential of the Caspian Sea and to form a qualitatively new economic model for the development of the region. One of the main directions of the oil strategy is the transportation of Azerbaijani oil to the world market. H. Aliyev managed to turn the agreement signed on September 20, 1994 in Baku, into the number one event of the whole world, in which both economic and political factors were united. Within a few years, it became clear to the public that this contract is not only economic in nature and that by its implementation we have achieved the use of the promising opportunities of Azerbaijan as a country throughout the world.